Father and Daughter Snap shot

With so many cool gadgets, clothing items and other temptations out there, it can be tough to save money when you’d much rather be spending it. But saving money is necessary if you ever want to be able to make a larger purchase, like a bike or computer (or, later in life, a car or home). Check out the tips below for practical advice on how to improve your saving skills.


FOCUS ON THE WHY.
Saving is much easier when you know why you’re saving. Whether it’s for college, a smartphone or something else entirely, write down your reason for saving – and refer back to it whenever you feel tempted to spend.


RECRUIT YOUR FRIENDS.
Tell your friends about your goal to save money, and invite them to set their own savings goals. You’ll fi nd that saving is a whole lot more fun when you aren’t doing it alone. Plus, you and your friends will be able to share helpful moneysaving tips and tricks with one another.


AVOID TEMPTATIONS.
What makes you want to spend money? Is it the candy aisle at the grocery store? Or a certain store at the mall? Or even a commercial on TV? Try to identify your money weaknesses, and then do everything you can to avoid those temptations.


MAKE YOUR MONEY INACCESSIBLE.
You can’t spend cash that isn’t readily available to you, so consider stashing your savings in an account at the credit union. You’ll have peace of mind knowing your money is safe, and you’ll also earn interest – meaning your money will actually earn you more money!


TRACK YOUR PROGRESS.
Periodically check in on your savings, either by counting your cash at home or having a parent help you review your monthly account statement. When you see how much money you’ve already saved, you’ll feel motivated to continue striving for your goal.